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U.S. crude oil ends down over $1 despite stock draw

NEW YORK
Thu Sep 4, 2008 2:57pm EDT
Oil derricks are silhouetted against the rising sun at an oilfield in the capital Baku October 16, 2005. NTRES REUTERS/David Mdzinarishvili

NEW YORK (Reuters) - U.S. crude oil futures ended more than $1 lower on Thursday, despite government data showing a surprise drawdown in domestic crude stocks last week.

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On the New York Mercantile Exchange, crude for October delivery settled down $1.46, or 1.34 percent, at $107.89 a barrel, after trading from $106.52 to $110.60.

(Reporting by Gene Ramos)



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